Eric Gunther Realtor and Broker of Greenfield Waters Florida Realty in Palm Beach County joins us today. It's no secret that the real estate market is on the rise across the United States. In fact, prices have been increasing at a steady rate for years now. But when it comes to finding a safe investment, Florida real estate offers a very unique value proposition.
There are a lot of factors to consider when making an real estate purchase or investment, and one of the most important is financial safety. Many people are hesitant to invest in real estate because they’re worried about potential risks. However, when you invest in Florida real estate, data has shown your money is safe. In this blog post, we will discuss the reasons why Florida is a safer investment than the rest of the country.
Analysis of economic markets will aways be a topic of opinions. However, we can look at many factors in relation to the United States and world economies to gain some predictions. Analysts find that our real estate in Florida has been a home to not only residents but investors for decades and investment is likely to accelerate under current world financial conditions.
The dollar in America is arguably designed to depreciate to encourage institutions and individuals to invest rather than save money in a bank account. This slow loss of dollar buying power requires more dollars to purchase the same goods and services. Inflation is a big news topic these days along with ways to try and keep the pace even. Often these tools are through the Federal Reserve and adjusting interest rates. We did have some low rates over the last few years and the increases still have us in a range that is considered very affordable compared to historical rates. The more dollars are needed to buy the same thing, the more dollars should be needed to buy the same property.
Other countries experience the same inflation though conditions similar to the United States. These currencies are compared to each other for their pricing and value. Right now even with inflation across the world our dollars is actually outperforming currencies that we typically always are trailing behind. The Euro and the British pound are great examples which are falling behind in pace to the United States Dollar. This is a big deal to recognize.
There are massive amounts of people living abroad that want to avoid losing value in their money and assets. They often look to America for a safe haven for investments. One of categories foreign investors are allowed to hold under our laws is real estate which is a classic buy and hold position to protect against inflation!
Florida has seen an influx of new residents as remote work has become very normalized. Living in a tropical environment is naturally desirable so we have seen our property values adjust upwards to realize our true worth in Florida. This is not something that will slow down but increasingly become normal to work remotely opening the doors of Florida living to an incredible number of new residents. New residents to Palm Beach County were traditionally from New York and New Jersey which is common here but now we are also seeing the rest of the country making their way here with considerable ambition.
Foreign buyers looking to move to Florida or simply invest their money into a more stable economy than their own find a lot of comfort and of course enjoyment in owning a Florida home or property. We believe that this trend will grow over the next few months and increasingly for years to come. Foreign buyers and investors are likely to grow quickly and considerably.
Eric Gunther Realtor and Broker of Greenfield Waters Florida Realty feels that the natural influx of buyers from across our own country will not slow down. He also is observing the data and receiving an increasing amount of phone calls and showings to help foreign buyers and investors. This is a big upside as Eric Gunther finds Florida to be at the top of their list and specifically Palm Beach County.
Palm Beach County in particular has seen consistent price growth in recent years, and Greenfield Waters Florida Realty is one of the leading agencies in the area. We know what makes a sound investment, and we're confident that Palm Beach County offers some of the best opportunities in the country right now.
Gunther also reminds us that current home owners actually qualified for financing so they truly can afford the homes purchased over the last year or two. He found that even middle to upper middle market properties were bought with cash which was not as common in the past. Properties in excess of one million dollars are growing and another area where cash is increasingly common. He want’s us to know that the money is chasing Florida and it’s unlikely to stop nationally or internationally. Florida is indeed unique from the rest of the country for our weather and quality of life. Comparing our state to the entire nation is of course neglecting the value we have so understand that big news is not focusing on our Florida value offering.
Eric Gunther thinks that the middle market and upper middle market will likely stay within the range of our new normal pricing. Properties in excess of one million dollars will grow and the most luxurious markets will still have very high ends when we consider international demand and their financial reasons to invest in Florida real estate. We may slow from the bidding wars and paying far above appraised values and that’s actually good! Sellers need to find comfort that as their property goes under contract that it’s reasonable to expect to find their next home without extreme challenges. Right now we have an excellent balance between sell and buy.
If you're looking to purchase a home or an investment property to place your money, look no further than Florida real estate. Palm Beach County in particular is a great place to buy property, thanks to its growing economy and stable housing market created over the last several years by financially approved and cash buyers. Whether you're looking for a family home with the best schools, a vacation home, or an investment property, Greenfield Waters Florida Realty can help you find the perfect piece of Florida real estate.
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It's our pleasure to chat,
Eric Gunther
Realtor – Broker – President
eric.gunther@greenfieldwaters.com
205 Worth Avenue #125
Palm Beach, FL
33480
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